MARKET CLOSE: NZX 50 rises to record, led by F&P Healthcare, Ryman as dividends loom

Wed, 06 Jun 2018

By Jonathan Underhill June 6 (BusinessDesk) - New Zealand shares rose, pushing the S&P/NZX 50 Index to a record, as Fisher & Paykel Healthcare extended its gains and investors picked up stocks that are carrying a dividend payment including Ryman Healthcare, Mainfreight and Arvida Group. The NZX 50 rose 56.41 points, or 0.6 percent, to 8,813.45. Within the index, 24 stocks rose, 19 fell and seven were unchanged. Turnover was $165 million. F&P Healthcare rose 3.5 percent to $14.40, bringing its gains the past week to about 10 percent. On...

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